John Moynan SLANG Worldwide CEO

SLANG Worldwide Appoints John Moynan as Chief Executive Officer and Ruth Chun as Chair of the Board

Toronto, Ontario--(Newsfile Corp. - October 3, 2022) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, is pleased to announce that Mr. John Moynan has been promoted to Chief Executive Officer of the Company effective immediately. Mr. Drew McManigle, former Interim Chief Executive Officer and Chair of the board of directors (the "Board"), is stepping down as he and MACCO Restructuring Group ("MACCO"), who served as financial advisor, have successfully completed the corporate transformation of the Company. Ms. Ruth Chun, an independent director of the Company, has been appointed Chair of the Board to replace Mr. McManigle. Mr. McManigle, said, "My MACCO colleagues and I are very appreciative of the opportunity to lead SLANG's operational and financial restructuring since joining the Company in October and November 2021 as Financial Advisor and Interim CEO respectively. The success we have made in less than a year in strengthening SLANG's team, its balance sheet and its business lines, has successfully resulted in a new and sustainable path for profitable revenue growth going forward. Key initiatives include, spearheading the development and launch of the Alchemy Naturals brand, entering the Vermont recreational cannabis market, and providing new growth opportunities for the near and long term. Mr. Moynan was integral to the development and implementation of the transformational strategic growth plans. I also want to thank SLANG's CFO, Mr. Mikel Rutherford, and his finance team, who did the heavy lifting to keep the Company timely, accurate and compliant during my tenure. I'm proud of all our accomplishments and believe under their direction, together with Ms. Chun as Chair, that SLANG is in the right hands to expand its leadership position in today's largest cannabis markets. We believe this will be a seamless management transition." Mr. Moynan stated, "We have a tremendous opportunity to strengthen and expand our position in each of our core and emerging markets now that we have successfully streamlined our operations and implemented a more defined growth strategy. Mr. McManigle and the team at MACCO were remarkable in their ability to support our efforts to reduce unmanageable overhead, conserve liquidity and efficiently advance strategic directives aimed at delivering stronger returns. I am honored to build upon these hard-earned successes and believe we have a great opportunity to bring an evolved SLANG to the forefront of the CPG cannabis industry." Ms. Chun commented, "I am honored to be named Chair of the Board at this important juncture for the Company. On behalf of the Board, I would like to thank Mr. McManigle and the MACCO team as we worked tirelessly together to help reorganize the Company by streamlining operations and positioning SLANG for future success. I would also like to congratulate Mr. Moynan on becoming CEO and look forward to working with him and our talented executive team and Board as we continue to serve the interests of SLANG's shareholders by creating long-term value." John Moynan Prior to his promotion to Chief Executive Officer, Mr. Moynan held the positions of Chief Operating Officer and General Counsel and he will continue to act as Corporate Secretary. Mr. Moynan has nearly a decade of experience in helping businesses navigate the complex, ever-changing landscape of the nascent cannabis industry, Mr. Moynan has been instrumental in developing the legal, operational, and strategic vision of SLANG. This track record of success includes crafting the Company's national expansion strategy, overseeing the development of its overall corporate structure, and negotiating the strategic partnerships that are core to the company's success to date. Ruth Chun Ms. Chun is a lawyer focused on advising regulated businesses in the cannabis, psychedelics, CPG and energy industries. Prior to founding Chun Law Professional Corporation, she was the General Counsel and Corporate Secretary for Newstrike Brands Ltd. / Up Cannabis Inc. and Senior Legal Counsel at HEXO Corp. through its acquisition of Newstrike in an all-share deal valued at CAD$346 million. Ms. Chun joined Newstrike in February 2017 and was involved in all significant corporate activity including a successful TSXV listing, debt and equity financings (exceeding CAD$140 million), M&A, regulatory matters and government relations. She is regularly called upon as a speaker, industry expert and guest lecturer at various colleges and universities and is on the Advisory Board of the Osgoode Professional Development Certificate in Cannabis Law and Regulation. She is an independent director of Entheon Biomedical Corp. and is a director of several private and not-for-profit organizations. Ms. Chun has an Honours Bachelor of Arts (Trinity College, University of Toronto), Master of Arts (University of Toronto) and Juris Doctor (Queens University) and is called to the bar in Ontario, New York and Namibia. Credit Agreement Amendment The Company today announced that it has amended certain covenants of the Company and other provisions set forth in its principal amount US$17.3 million credit and guaranty agreement with Trulieve Cannabis Corp., Pura Vida Investments, Seventh Avenue Investments and other investors (the "Credit Agreement"). A copy of the amendments to the Credit Agreement will be made available on the Company's profile on SEDAR at www.sedar.com. Stock Option Grant In connection with Mr. Moynan's appointment as Chief Executive Officer, the Company has granted 1,000,000 incentive stock options (the "Options") to acquire common shares in the capital of the Company at a price of CDN$0.075 per share exercisable until October 3, 2027. The Options are subject to vesting provisions and are non-transferrable. Change in Auditor The Company also announces that it has changed auditors from Baker Tilly WM LLP ("Former Auditor") to MNP LLP ("Successor Auditor") effective September 7, 2022. The Former Auditor's resignation did not occur because of any reportable disagreement or unresolved issue involving the Company, or any consultation with the Successor Auditor. The change of auditor was considered, approved and recommended by the Audit Committee of the Board. In the opinion of the Company, there were no: (i) modified opinions expressed in the Former Auditor's reports on any of the Company's financial statements relating to the "relevant period" as that term is defined in Section 4.11 of National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102"); or (ii) any "reportable event" as that term is defined in Section 4.11 of NI 51-102. In accordance with NI 51-102, a notice of change of auditor, together with the required letters from the Former Auditor and the Successor Auditor, were filed under the Company's profile on SEDAR on September 9, 2022. About SLANG Worldwide Inc. SLANG Worldwide Inc. is the industry leader in branded cannabis consumer packaged goods, with a diversified portfolio of five distinct brands and products distributed across the U.S. Operating in 15 legal cannabis markets nationwide, SLANG specializes in acquiring and developing market-proven regional brands, as well as launching innovative new brands to seize global market opportunities and match evolving consumer tastes. The Company has over a decade of experience operating in the nascent and highly regulated cannabis sector, and its partners enjoy the benefits of that experience, with access to the SLANG playbook for successful operations, sales and marketing. Its strong product pipeline from uniquely positioned and scalable brands like O.pen, Alchemy Naturals, CeresMED, Firefly, District Edibles and partnerships with brands like Greenhouse Seed Company have a proven track record of success with the brands consistently ranking among the top performers in the states where SLANG operates. Learn more at slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. Company ContactMikel Rutherford, CFO833-752-6499 Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com Forward-Looking Statements This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's annual information form dated April 27, 2022 and other disclosure documents available on the Company's profile on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Reader Advisory Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
SLANG Worldwide Ceres Collaborative Dispensary in Burlington, Vermont Will Open for Adult-Use Sales On October 1st

SLANG Worldwide Ceres Collaborative Dispensary in Burlington, Vermont Will Open for Adult-Use Sales On October 1st

Toronto, Ontario--(Newsfile Corp. - September 29, 2022) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced the opening of its first recreational cannabis store in Vermont on October 1st, marking the Company's entry into the newly legalized recreational market. Operating under the Company's Ceres Collaborative cannabis group, which brings together two of today's most innovative cannabis operators, SLANG Worldwide and CeresMED, the storefront is located in the heart of Vermont's capital at 190 College Street, adjacent to the Church Street pedestrian mall in downtown Burlington. Centrally located in the city to benefit both local consumers and tourists with its 1,500-square-foot dispensary supported by 20 full-time employees, the dispensary is well-positioned to play a leading role in Vermont's evolving recreational cannabis market which is estimated to reach $265 million in annual sales by 2025.1 Drew McManigle, Interim CEO of SLANG, said, "Our initial entry into Vermont's medical cannabis market a few months ago strategically positioned SLANG at the forefront of the next high-growth recreational market. Ceres Collaborative group is deeply rooted in the community as Vermont's longest-running dispensary. Now, operating one of the first adult-use dispensaries in Vermont, we are leading the next phase of the state's cannabis industry, bringing our market leading CPG cannabis products to a significantly wider consumer audience through the state's well-recognized Ceres brand." SLANG has been serving the Vermont market for over 6 years by offering its industry-leading, O.pen cannabis vaporizer through the state's medical program under its longstanding partnership with CeresMED. The Company expanded its presence in Vermont's medical cannabis market in June 2021 through its acquisition of High Fidelity Inc. (Hi-Fi), Vermont's largest medical cannabis company which operates the Ceres Collaborative cannabis group. Through the acquisition, SLANG gained a vertically integrated operational footprint in Vermont, which included CeresMED's existing medical dispensaries and a 28,000-square-foot cultivation and production lab, and retail distribution facility, along with two medical cannabis licenses. SLANG has consolidated CeresMED's three currently operating medical dispensaries under its brand portfolio and has added two new greenhouses that will produce up to 1,500 cannabis plants a year. "CeresMED has been a proud and active member within the Vermont community since 2012," said Russ Todia, Chief Operating Officer at CeresMED. "Through SLANG's industry leading position and Ceres Collaborative's extensive operational network, we look forward to working in conjunction with local growers and producers and alongside respected national brands, to create a unique, Vermont-forward cannabis experience in our downtown Burlington dispensary. Through education and empowerment of the community, CeresMED was instrumental and hands-on in helping to cultivate the cannabis industry within Vermont for the last 10 years. Now, we are eager to extend this into the adult-use program, and to welcome cannabis consumers of all levels into our stores throughout the state." Ceres Collaborative has been a long-time advocate for adult-use cannabis retail sales in Vermont, and through CeresMED's deep roots in the state's medical program. Ceres Collaborative positions itself to continue its mission of educating the public, the healthcare community, local regulatory bodies and state officials on the medical and economic benefits of cannabis. Due to work with the Vermont Cannabis Trades Association (VCTA), where CeresMED represented experienced cannabis operators on subcommittees of the Cannabis Control Board, CeresMED helped stimulate discussions about how to implement a public safety-focused and inclusive adult-use market. About Ceres Collaborative Inc.Ceres Collaborative has achieved a number of distinctions in its ten-plus years of operations-including its title as Vermont's oldest cannabis operator and the first vertically-integrated business unit of SLANG Worldwide. With an emphasis on community, true to its name, Ceres Collaborative has partnered with local growers and producers to curate a Vermont-forward product selection. As Ceres has grown, so have its regional partnerships, from advocacy groups and tourism boards to health care providers. The company has also expanded into outdoor cultivation and established a full on-site commercial kitchen headed by a classically trained chef. Ceres is a unique model for how cannabis operators can grow cooperatively while staying true to their values-in this case, to provide robust support for local agriculture, create quality local jobs, and set the tone for patient satisfaction. Learn more: www.ceresvt.com. About SLANG Worldwide Inc.SLANG Worldwide Inc. is the industry leader in branded cannabis consumer packaged goods, with a diversified portfolio of five distinct brands and products distributed across the U.S. Operating in 15 legal cannabis markets nationwide, SLANG specializes in acquiring and developing market-proven regional brands, as well as launching innovative new brands to seize global market opportunities and match evolving consumer tastes. The Company has over a decade of experience operating in the nascent and highly regulated cannabis sector, and its partners enjoy the benefits of that experience, with access to the SLANG playbook for successful operations, sales and marketing. Its strong product pipeline from uniquely positioned and scalable brands like O.pen, Alchemy Naturals, CeresMED, Firefly, District Edibles and partnerships with brands like Greenhouse Seed Company have a proven track record of success with the brands consistently ranking among the top performers in the states where SLANG operates. Learn more at slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject.
q2 2022 financial results

SLANG Worldwide Announces Second Quarter 2022 Financial Results

Successful Operational Transformation Leads to Continued Margin Improvement Toronto, Ontario--(Newsfile Corp. - August 25, 2022) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today released financial results for the three and six months ended June 30, 2022. All figures in this press release are stated in Canadian dollars unless otherwise noted. Drew McManigle, Interim CEO and Chairman of SLANG, said, "The success of our operational transformation implemented at the end of 2021 continues to be reflected in our quarterly financial results. In the second quarter, we maintained higher growth margins of 46%, demonstrating a year-over-year increase of 31% and gross profit of $4.49 million, compared to $3.67 million a year ago, representing an increase of 22%. With operating efficiencies and a streamlined infrastructure in place, we are in the right position to achieve ongoing top and bottom-line growth as we leverage a stronger operational footprint and introduce new products to the market." "The SLANG brand has never been stronger. Not only are we celebrating 10 years of success of our O.pen brand, we recently announced the launch of our Alchemy Naturals, our new THC and CBD Gummy line in Colorado. With the support of a strengthened management team, new Board of Directors and reshaped sales group, we are strategically elevating SLANG's market position." "From an operational standpoint, this has been a strong quarter and we are now advancing upon a number of potential growth opportunities to build on this success. Our Board of Directors has recently established an M&A committee chaired by Kevin Albert and will continue to focus on new M&A opportunities while we organically grow our most popular brands. I am proud of the progress we have made, and the position SLANG is now in. I look forward to sharing our continued progress and the new level of growth we are set to achieve," concluded McManigle. Second Quarter 2022 Operational Highlights and Growth Drivers: Expansion of Vermont Cultivation Facility to prepare for the harvest the Company's first crops in preparation for receiving the Company's recreational license expected in Q4 2022. Revitalized Approach to Sales Strategy in Colorado, including an optimized sales structure and new sales manager to drive revenue within the state. Key Additions to Board of Directors to build upon and work hand in hand with the already strengthened management team put in place, along with a newly formulated M&A and Investment Committee led by new board member Kevin Albert. Subsequent Quarterly Operational Highlights: Strengthened the SLANG brand portfolio by formulating, developing and rolling out Alchemy Naturals THC and CBD gummies into Colorado's USD$371 million edibles market and CBD locations throughout the country.1 Celebrating 10 years of the O.pen brand, one of the industry's leading cannabis vaporizer brands which is recognized for its superior vaporizing pens and higher-quality oils. Second Quarter 2022 Financial Highlights Revenue from continuing operations for Q2 2022 was $9.87 million, compared to Q2 2021 revenue of $10.50 million. Gross profit of $4.49 million (46% gross margin) in Q2 2022, compared with $3.67 million (35% gross margin) in Q2 2021, representing a 22% increase year-over-year and 31% increase in gross margin. EBITDA of $7.66 million in Q2 02022, compared with ($3.16 million) in Q2 2021. Operating expenses from continuing operations was reduced by $0.43 million, or 6%, in Q2 2022 when compared to Q1 2022 (excluding the $8.72 million recovery of previous credit losses), marking the Company's second consecutive quarterly operating expense reduction, which is a result of the cost cutting and restructuring initiatives implemented in Q4 2021 and Q1 2022. $15.72 million in cash and restricted cash on June 30, 2022, compared to $20.83 million on December 31, 2021 and $16.56 million on March 31, 2022. Second Quarter 2022 Consolidated Financial Statements The consolidated financial statements were prepared in accordance with IFRS. The following is selected presentation of the Income Statement for the three months ended June 30, 2022. 3 months ended 30-Jun-22 3 months ended 30-Jun-21 (In thousands except per share data and percentages) CDN$ CDN$ Net Operating Revenue from Continuing Operations $9,868 $10,497 Cost of Goods Sold 5,601 6,827 Gross Profit Before Gain on Fair Value of Biological Assets 4,267 3,670 Realized fair value amounts included in inventory sold (580) - Unrealized gain on fair value of biological assets 806 - Gross Profit 4,493 3,670 Gross Profit Margin 46% 35% Operating expenses (1,664) 8,632 Operating Loss 6,157 (4,962) Other items (Impairment, FV adjustment, FX, gains/losses, taxes, etc.) 9,700 (302) Total Comprehensive Income (Loss) (3,543) ($4,660) Earnings Per Share Basic ($0.03) ($0.05) Diluted ($0.03) ($0.05)   3 months ended 30-Jun-22 3 months ended 30-Jun-21 (In thousands except per share data and percentages) CDN$ CDN$ Total Comprehensive Income (Loss) (3,543) ($4,660) EBITDA 7,655 (3,159) Adjusted EBITDA (478) (903)   See the Company's management's discussion and analysis for the three months ended June 30, 2022 (the "Q2 2022 MD&A") for a detailed reconciliation of EBITDA and Adjusted EBITDA to Operating Income / (Loss). SLANG's financial statements and the Q2 2022 MD&A are available on SEDAR at www.sedar.com, and on the Company's Investor Relations website at www.slangww.com. Non-IFRS Measures EBITDA and Adjusted EBITDA are non-IFRS financial measures that the Company uses to assess its operating performance. EBITDA is defined as net earnings (loss) before net finance costs, income tax expense (benefit) and depreciation and amortization expense. Management defines Adjusted EBITDA as EBITDA adjusted for other non-cash items such as the impact of unrealized fair values, share based compensation expense, impairments, one-time gains and losses, and one-time revenues and expenses. This data is furnished to provide additional information and are non-IFRS measures and do not have any standardized meaning prescribed by IFRS. The Company uses these non-IFRS measures to provide shareholders and others with supplemental measures of its operating performance. The Company also believes that securities analysts, investors and other interested parties, frequently use these non-IFRS measures in the evaluation of companies, many of which present similar metrics when reporting their results. As other companies may calculate these non-IFRS measures differently than the Company, these metrics may not be comparable to similarly titled measures reported by other companies. We caution readers that Adjusted EBITDA should not be substituted for determining net loss as an indicator of operating results, or as a substitute for cash flows from operating and investing activities. Conference Call Details Management plans to host an investor conference call today, August 25, 2022 at 10:00am ET to discuss the results. Timing: Thursday, August 25, 2022 at 10:00am ET Dial-in: 1(888) 440-5983 (US toll-free) or 1(646) 960-0202 Conference ID: 6291438 Webcast: A live webcast can be accessed via the Company's website at www.slangww.com or at https://events.q4inc.com/attendee/564712700A replay of the webcast will be archived on the Company's website for one year. About SLANG Worldwide Inc. SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. Forward-Looking Statements This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in the Q2 2022 MD&A and other disclosure documents available on the Company's profile on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com
q2 2022 conference call details

SLANG Worldwide Announces Second Quarter 2022 Conference Call Details

Toronto, Ontario--(Newsfile Corp. - August 18, 2022) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced details of its planned release of its second quarter 2022 financial results and conference call. The Company expects to release its financial results for the quarter ended June 30, 2022 before markets open on August 25, 2022. Management plans to host an investor conference call that same day at 10:00am ET to discuss the results.  Timing:  Thursday, August 25th, 2022 at 10:00am ET  Dial In:  1(888)440-5983 (US toll-free) or 1(646)960-0202  Conference ID:   6291438  Webcast:  A live webcast can be accessed via the Company's website at www.slangww.com or https://events.q4inc.com/attendee/564712700   To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the Subject. About SLANG Worldwide Inc.SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. Forward-Looking StatementsThis news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's annual information form dated April 29, 2021 and other disclosure documents available on the Company's profile on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com
alchemy naturals thc gummies

SLANG Worldwide Launches New All-Natural Edible Brand, Alchemy Naturals

Alchemy Naturals THC and CBD Gummies Now Available in Colorado Toronto, Ontario--(Newsfile Corp. - August 3, 2022) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, announced today the launch of its new brand, Alchemy Naturals CBD & THC Gummies, which became available in the Colorado market and national CBD retail locations on August 1, 2022. The Company will be replacing its current CBD gummy brand, Lunchbox Alchemy, with the Alchemy Naturals brand, to build upon its success by providing an all-natural product line with engaging new flavors in both of the CBD and THC categories. New Alchemy Naturals products include Sleep, Relief, De-Stress, Intimacy, and Daily gummies formulated with THC, CBD and other minor cannabinoids and nutraceuticals which have demonstrated the ability to support the intended effects. In addition to launching Alchemy Naturals into Colorado's $371 million edibles market¹, Alchemy Naturals products will be sold in CBD locations located throughout the country. SLANG plans to launch into additional markets throughout the U.S. via its strategic partnership model. Drew McManigle, Interim CEO and Chairman of SLANG, commented, "We have demonstrated a strong record of success in bringing many of today's top-performing THC and CBD brands to each of our target markets. The launch of Alchemy Naturals is a milestone achievement in our ongoing efforts to create a unique and diverse portfolio of today's most demanded THC and CBD products. It should also be noted that in less than a year, the SLANG team has formulated, developed and rolled out a high-quality edible brand which combines cannabinoids and adaptogens in a unique manner. These all-natural products offer an effective experience for consumers looking for a healthier and better tasting gummy." McManigle continued, "SLANG has created a distinctive brand and product offering in the Colorado edibles category. With this market continuing to grow at a record pace and increasingly being recognized as the 3rd largest category behind flower and vape, with gummies being the most preferred type of edible, our ability to expand and strengthen our portfolio further build upon our leadership position in the cannabis market. Furthermore, by immediately releasing Alchemy Naturals into two different distribution channels - CBD & THC- we are strongly positioning SLANG to deliver meaningful growth and revenue going forward as we continue to expand into new geographic markets." ¹BDSA Colorado About SLANG Worldwide Inc. SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. Forward-Looking Statements This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's annual information form dated April 27, 2022 and other disclosure documents available on the Company's profile on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com
SLANG Worldwide Announces Issuance of Equity Incentives
press release

SLANG Worldwide Announces Issuance of Equity Incentives

Toronto, Ontario--(Newsfile Corp. - June 21, 2022) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods ("CPG") company with a diversified portfolio of popular brands, has granted 4,828,676 incentive stock options (the "Options") to acquire common shares in the capital of the Company at a price of C$0.14 per share. 4,408,676 of the Options were granted to independent directors exercisable until June 20, 2032 and 420,000 to employees exercisable until June 20, 2027. The Options are subject to vesting provisions and are non-transferrable. About SLANG Worldwide Inc. SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject.
SLANG Worldwide Announces Results of Annual General and Special Shareholders Meeting
press release

SLANG Worldwide Announces Results of Annual General and Special Shareholders Meeting

Toronto, Ontario--(Newsfile Corp. - June 16, 2022) - SLANG Worldwide Inc. (CSE: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today announced the results from its annual general and special meeting of shareholders held on June 16, 2022 (the "Meeting"). The Company put forward the following resolutions to be voted on by shareholders at the Meeting, all of which were approved: (1) the appointment of Baker Tilly LLP, Chartered Professional Accountants, as auditor to hold office until the next annual meeting of shareholders at a remuneration to be fixed by the Board; (2) the adoption of a 15% rolling equity incentive plan which will replace the existing stock option plan and restricted share unit plan; and (3) the election of Drew McManigle, Felicia Snyder, Kevin Albert, Sandra Levy, Ruth Chun, Todd Boudreau and Adam Crocker as directors to hold office until the next annual general meeting of SLANG or until their earlier resignation. The following are brief profiles of each of the directors. Drew McManigle, Chairman of the Board, Interim Chief Executive Officer and Director Drew McManigle is the Founder and Chief Executive Officer of MACCO. He brings both wide-ranging experience, derived from a variety of industries, as well as a solutions-driven leadership style that has led to successful outcomes in numerous complex situations. As interim CEO and Chairman, Mr. McManigle will have oversight over key strategic, operational and financial functions. In addition to existing SLANG management, Mr. McManigle will also have the added support of members of MACCO who will provide senior level operating and financial expertise to enable rapid strategic reviews and business plan implementation. While at MACCO, Drew has held several leadership and fiduciary roles, including interim CEO and CRO. He has also served as an independent director. Prior to MACCO, Mr. McManigle was a principal of his own firm for 22 years. He had previously been employed by a Fortune 500 healthcare services company and had established the Houston office for a California-based advisory firm. Felicia Snyder, Independent Director Felicia Snyder was a Founding Executive at Tokyo Smoke, one of Canada's most recognized cannabis brands and a leading Canadian cannabis retailer. Felicia led the company through its merger with Doja Cannabis and its eventual sale to Canopy Growth. Post-acquisition, Felicia was Vice President at Canopy Growth, managing Canopy's portfolio of premium cannabis brands. Prior to Tokyo Smoke, Felicia worked for several years in South Korea at Samsung Electronics in its Global Strategy Group and Smart TV Services Group where she led a variety of projects related to business strategy, acquisitions, investments, and developing new partnerships, products and services. Kevin Albert, Independent Director Kevin Albert worked in the investment banking division of Merrill Lynch & Co. for 24 years. Now retired, he is currently managing a portfolio of private investments, the majority of which are in the legal cannabis industry. From September 2010 through December 2019, Mr. Albert was a Senior Partner of Pantheon Ventures LLC ("Pantheon") and a member of its six-person Partnership Board. For most of his nine-year tenure there, he was responsible for the firm's global business development, and during this time Pantheon's assets under management increased from approximately US$25 billion to approximately US$50 billion. He currently serves as an independent director on the boards of Harborside Inc., Osiris Ventures, Inc. dba, NorCal Cannabis Company, Octavius Holdings Inc dba, Flow Cannabis Company, and Achari Venture Holding Corp I, a special purpose acquisition company targeting a merger with a non-plant touching cannabis company. Mr. Albert has a BA and an MBA from the University of California, Los Angeles where he continues to be involved as the Chair of the Board of Visitors of the Economics Department. Sandra Levy, Independent Director Sandra Levy is currently the Chief People & Culture Officer at the Canadian Olympic Committee where she oversees all aspects of human resources, health and safety and Diversity, Equity and Inclusion. Sandra is a senior human resources executive with over 25 years' experience in human resources and legal roles. She is a lawyer by training and brings proven management expertise from both national and global organizations including, Magna International Inc., PlyGem Inc. and RioCan Real Estate Investment Trust. Sandra has strong corporate board and volunteer board experience. Currently she sits on the Create TO (City of Toronto) Board of Directors and chairs its Human Resources Committee. She also sits on the board of Trustees of Sir Corp Investment Trust and chairs its Governance Committee. Ruth Chun, Independent Director Ruth Chun is a lawyer focused on advising regulated businesses in the cannabis, psychedelics, CPG and energy industries. Prior to founding Chun Law Professional Corporation, she was the general counsel and corporate secretary for Newstrike Brands Ltd. / Up Cannabis Inc. and senior legal counsel at HEXO Corp. through its acquisition of Newstrike in an all share deal valued at $346 million. Ms. Chun joined Newstrike in February 2017 and was involved in all significant corporate activity including a successful TSXV listing, debt and equity financings (exceeding $140 million), M&A, regulatory matters and government relations. She is regularly called upon as a speaker, industry expert and guest lecturer at various colleges and universities and is on the advisory board of the Osgoode Professional Development Certificate in Cannabis Law and Regulation. Ms. Chun currently serves on several boards and is the chairperson of SAVIS of Halton. She served as the first female executive at a leading insurer in southern Africa as the head of legal and compliance and was a partner at Africa's largest law firm. She received an Hon BA (Trinity College), MA from the University of Toronto and Juris Doctor from Queens University. She is called to the bar in Ontario, New York and Namibia. Todd Boudreau, Independent Director Todd Boudreau is an attorney and the Founding Partner at ACL Capital Partners. Todd Boudreau brings over 20 years of legal and business experience assisting global companies and investment managers on a wide range of matters including venture, growth, and control capital partnerships, business sale and acquisition transactions, strategic partnerships, joint ventures, and US expansion. Mr. Boudreau is highly experienced in assisting family offices, sovereign wealth funds, pensions and endowments with direct and co-mingled investments and fund managers with direct investment transactions, fund formation, and US partnerships. He represents companies in industries such as technology (including software and fintech), life sciences, health services, medical devices, consumer, and aerospace and defense. Prior to founding ACL Capital Partners, Mr. Boudreau was the Co-Chair of the Private Equity Investments & Buyout Group with Morrison & Forester and the Chair of the Investments & Buyout Group with Foley & Lardner. Mr. Boudreau is also an active member of the legal and business community. He is the current Chair of the American Bar Association's Institutional Investment Committee and has consistently received the highest Martindale-Hubbell AV Ranking of "Preeminent" by his legal industry peers. He serves on various committees of the Institutional Limited Partners Association ("ILPA") and as the founding sponsor for the ILPA's emerging managers conference. Mr. Boudreau is also a board member for the non-profit CareerSpring and serves as an advisor for the non-profit CareQuest Innovation Partners incubator program. Adam Crocker, Independent Director Adam Crocker, CFA is Founder and Chief Investment Officer of Logbook Investments, a value fund with research on core positions enhanced by insights from books. Logbook launched in 2016 and is seeded by his former employer. Prior to Logbook, Adam was a co-manager at Metropolitan Capital Advisors. Before joining Metropolitan, he was an analyst at Morgan Stanley Investment Management conducting research on behalf of growth and value investment teams. He began his career in Leveraged Finance investment banking at JPMorgan. Adam is a graduate of the Value Investing Program at Columbia Business School and has an undergraduate degree in Economics from Columbia University. About SLANG Worldwide Inc. SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. Forward-Looking Statements This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's annual information form for the year ended December 31 ,2021 and other disclosure documents available on the Company's profile on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources.
SLANG Q1 2022 Earnings Release

SLANG Worldwide Announces First Quarter 2022 Financial Results

Toronto, Ontario--(Newsfile Corp. - May 26, 2022) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, today released financial results for the three months ended March 31, 2022. All figures in this press release are stated in Canadian dollars unless otherwise noted. Drew McManigle, Interim CEO and Chairman of SLANG, said, "We entered 2022 as a new company, advancing a more streamlined and efficient infrastructure to more effectively operate and expand in today's largest and fastest growing cannabis markets. We are recognizing higher margin sales due to the successful implementation of our transformational growth strategy, eliminating non-performing assets and consolidating our supply chain. I am pleased to report that we have reduced our operating expenses by 32% while increasing our gross margins. I believe we will continue upon this path to recognize stronger financial results going forward and successfully scale our operations in our Core and Emerging markets." "With a strong balance sheet in place and growing demand for our market-leading cannabis products, such as our O.pen vape cartridge, we are well positioned to build upon our leadership position in each of our target markets. In the upcoming quarters, we will continue to focus on new M&A opportunities while organically growing our most popular brands. I look forward to sharing our continued progress and the new level of growth we are set to achieve as the NEW SLANG." First Quarter 2022 Operational Highlights and Growth Drivers: Continued build-out of Vermont operations following the acquisition of High Fidelity, Inc. ("HiFi"), one of Vermont's largest medical cannabis companies, in August 2021, to advance the Company's ability to leverage a vertically integrated infrastructure and adding Vermont as a Core Market to become a first mover for adult use sales in the state, which is expected later this year. Continued wind down and elimination of non-performing assets, including manufacturing operations of all SLANG branded THC products in Oregon and cultivation operations in Colorado, in order to advance its restructured growth strategy focused on cost control, operating efficiencies and an optimized infrastructure. Advanced discussions with prospective Board Members to build upon the already strengthened management team put in place during the Company's rollout of its transformational business plan. Strengthened the SLANG brand portfolio by implementing, rebranding and reformulating the product portfolio initiatives to increase margins in Core Markets and enhance product offerings. SLANG's brands continued to earn market-leading positions in its core markets in Q1 2021, highlighted by O.pen maintaining its #1 ranking in the vape cartridge category In Colorado, according to BDSA. 498,476 SLANG Branded Units were sold across The SLANG Network in the three months ended March 31, 2022. Subsequent Quarterly Operational Highlights: Launched operations in Michigan through an exclusive strategic partnership with a leading high-quality premium cannabis brand and operator in the state in May 2022, beginning with the launch of the Company's best-selling, premium vape produce line, O.pen Daily Strains. Launched operations in Maryland through a strategic partnership with Trulieve Cannabis Corp. ("Trulieve"), a leading and top-performing cannabis company based in the United States, in May 2022. This is the third market that SLANG has entered in partnership with Trulieve. First Quarter 2022 Financial Highlights Revenue from continuing operations for Q1 2022 was $8.37 million, compared to Q1 2021 revenue of $9.09 million. Gross profit of $3.66 million (44% gross margin) in Q1 2022, compared with $3.90 million (43% gross margin) in Q1 2021. EBITDA of ($2.36 million) in Q1 02022, compared with ($4.0 million) in Q1 2021. The improvement in EBITDA is primarily attributable to a reduction in share-based compensation payments offset by a decrease in gross profit and an increase in salaries & wages and consulting and subcontractor expense. The Company reduced operating expenses from continuing operations by $3.57 million, or 32%, in Q1 2022 when compared to Q4 2021, which is a result of the cost cutting and restructuring initiatives implemented over the last two quarters. $16.56 million in cash and restricted cash on March 31, 2022, compared to $20.83 million on December 31, 2021. First Quarter 2022 Consolidated Financial StatementsThe consolidated financial statements were prepared in accordance with IFRS. The following is selected presentation of the Income Statement for the three months ended March 31, 2022. 3 months ended31-Mar-22 3 months ended31-Mar-21 (In thousands except per share data and percentages) CDN$ CDN$ Net Operating Revenue from Continuing Operations $8,374 $9,085 Cost of Goods Sold 4,735 5,193 Gross Profit Before Gain on Fair Value of Biological Assets 3,639 3,892 Realized fair value amounts included in inventory sold (514) - Unrealized gain on fair value of biological assets 530 - Gross Profit 3,655 3,892 Gross Profit Margin 44% 43% Operating expenses 7,486 9,819 Operating Loss (3,831) (5,927) Other items (Impairment, FV adjustment, FX, gains/losses, taxes, etc.) 683 3,148 Total Comprehensive Income / (Loss) (4,514) ($9,075) Earnings Per Share Basic ($0.04) ($0.10) Diluted ($0.04) ($0.10)   3 months ended31-Mar-22 3 months ended31-Mar-21 (In thousands except per share data and percentages) CDN$ CDN$ Total Comprehensive Income (Loss) (4,514) ($9,075) EBITDA (2,359) (3,998) Adjusted EBITDA (1,628) (349)   See the Company's management's discussion and analysis for the three months ended March 31, 2022 (the "Q1 2022 MD&A") for a detailed reconciliation of EBITDA and Adjusted EBITDA to Operating Income / (Loss). SLANG's financial statements and the Q1 2022 MD&A are available on SEDAR at www.sedar.com, and on the Company's Investor Relations website at www.slangww.com. Non-IFRS Measures EBITDA, Adjusted EBITDA and Branded Unit volume are non-IFRS financial measures that the Company uses to assess its operating performance. EBITDA is defined as net earnings (loss) before net finance costs, income tax expense (benefit) and depreciation and amortization expense. Management defines Adjusted EBITDA as EBITDA adjusted for other non-cash items such as the impact of unrealized fair values, share based compensation expense, impairments, one-time gains and losses, and one-time revenues and expenses. See the heading "Key Performance Indicators" in the Q1 2022 MD&A for a description of how Branded Unit volume is calculated. This data is furnished to provide additional information and are non-IFRS measures and do not have any standardized meaning prescribed by IFRS. The Company uses these non-IFRS measures to provide shareholders and others with supplemental measures of its operating performance. The Company also believes that securities analysts, investors and other interested parties, frequently use these non-IFRS measures in the evaluation of companies, many of which present similar metrics when reporting their results. As other companies may calculate these non-IFRS measures differently than the Company, these metrics may not be comparable to similarly titled measures reported by other companies. We caution readers that Adjusted EBITDA should not be substituted for determining net loss as an indicator of operating results, or as a substitute for cash flows from operating and investing activities. Conference Call Details Management plans to host an investor conference call today, May 26, 2022 at 10:00am ET to discuss the results. Timing: Thursday, May 26, 2022 at 10:00am ET Dial-in: 1 (888) 440-5938 (US toll-free) or 1 (646) 960-0202 (US toll) or for a list of international toll-free options click here Conference ID: 6291438 Webcast: A live webcast can be accessed via the Company's website at www.slangww.com or at https://events.q4inc.com/attendee/639514787A replay of the webcast will be archived on the Company's website for one year.   About SLANG Worldwide Inc. SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. Forward-Looking Statements This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in the Q1 2022 MD&A and other disclosure documents available on the Company's profile on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com
maryland market announcement

SLANG Worldwide Enters Maryland Through Strategic Partnership with Trulieve

Toronto, Ontario--(Newsfile Corp. - May 24, 2022) - SLANG Worldwide Inc. (CNSX: SLNG) (OTCQB: SLGWF) ("SLANG" or the "Company"), a leading global cannabis consumer packaged goods (CPG) company with a diversified portfolio of popular brands, announced today that it has launched its best-selling, premium vape product line, O.pen Daily Strains and O.pen 2.0 batteries on May 16th in Maryland through a strategic partnership with Trulieve Cannabis Corp. ("Trulieve"), a leading and top-performing cannabis company in the United States. Drew McManigle, Interim CEO of SLANG, said, "We are strategically entering the Maryland market right before adult-use goes on the ballot in November 2022 and as the state's legal medical market continues to scale. Trulieve has been a key partner of ours in other markets for over 3 years and their leadership position in the cannabis industry has been integral in positioning our leading brands at the forefront of each market we jointly enter. Our timely entry in the Maryland cannabis market will effectively serve to increase our total points of distribution across the east coast, support our Gross Merchandise Value and drive continued brand performance of our leading cannabis brands." As part of the new strategic partnership with Trulieve, SLANG will supply branded products for distribution in the Maryland market and support in-market sales with pop-up presence at retail locations throughout the state, as well as support other marketing efforts and local community activations. SLANG has partnered with Trulieve over the past year to enter the Florida and Massachusetts markets with SLANG providing wholesale initiatives, which is a SLANG core competency. Along with wholesale, this launch will also take place in Trulieve owned retail locations throughout the state. Initial product offerings in Maryland include O.pen Daily Strains, a selection of popular strains designed to offer consistent and repeatable effects with elevated THC potencies. It will be followed by the launch of Cured Resin shortly following, exact date to be determined. "We are excited to expand on our successful partnership with SLANG and build on our strong position in the Maryland medical cannabis market," said Gina Collins, Trulieve's Vice President of Marketing. "As the exclusive source of SLANG's nationally recognized, trusted and beloved brands, Trulieve continues to deliver on our promise to our patients in Maryland that we will provide a wide variety of the highest-quality products available in the market today." Share Issuance SLANG Worldwide also announces it has issued 823,409 common shares, at a deemed price of $0.2235 per share, to an executive officer pursuant to an employment agreement and a former executive officer providing consulting services. The shares are subject to a hold period expiring September 17, 2022. About SLANG Worldwide Inc. SLANG Worldwide Inc. is a global leader in the cannabis CPG sector with a diversified portfolio of popular brands distributed across the United States. SLANG specializes in acquiring and developing market-proven regional brands as well as launching innovative new brands to seize global market opportunities. For more information, please visit www.slangww.com. To be added to SLANG's email distribution list, please email SLNG@kcsa.com with "SLNG" in the subject. Forward-Looking Statements This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management of SLANG at this time, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that could cause actual results to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, resolutions and guidelines, market risks, concentration risks, operating history, competition, the risks associated with international and foreign operations and the other risks identified under the headings "Risk Factors" in SLANG's annual information form dated April 29, 2021 and other disclosure documents available on the Company's profile on SEDAR at www.sedar.com. SLANG is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. Third Party Information This press release includes market and industry data that has been obtained from third party sources, including industry publications. The Company believes that the industry data is accurate and that its estimates and assumptions are reasonable, but there is no assurance as to the accuracy or completeness of this data. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance as to the accuracy or completeness of included information. Although the data is believed to be reliable, the Company has not independently verified any of the data from third party sources referred to in this press release or ascertained the underlying economic assumptions relied upon by such sources. Media and Investor InquiriesInvestors@SLANGww.com KCSA Strategic CommunicationsPhil CarlsonSLANG@kcsa.com